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Old 14th Jan 2022, 05:22
  #41 (permalink)  
 
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Originally Posted by The Banjo
Perhaps having the intuition to not end up in such a situation in the first place is a better option.
Perhaps. Or perhaps the 'intuition' to read the thread first so you don't rehash something that's already been asked and answered.
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Old 14th Jan 2022, 06:10
  #42 (permalink)  
 
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Originally Posted by The Banjo
Perhaps having the intuition to not end up in such a situation in the first place is a better option.
Replace the word "intuition" with "experience" and I'd be there like a shot.
Sadly experience of f**k all value, the psycho dogma's got it all covered.

Probably the reason why major airlines (QF also??) are looking to amend their manuals, in the near future cadets straight out of school into the LHS of a RPT jet, the psycho says they'll be fine so why not??

Experience is so old school and passe!

Cheers
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Old 14th Jan 2022, 07:34
  #43 (permalink)  
 
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Probably the reason why major airlines (QF also??) are looking to amend their manuals, in the near future cadets straight out of school into the LHS of a RPT jet, the psycho says they'll be fine so why not??

Experience is so old school and passe!
Now run the same argument but replace Captain with the word CEO/CFO/ General Manager and watch the pushback that starts up. The same people who say someone can be a airline captain with no experience will never say that a top uni graduate could be in senior management. Alan Joyce was only recently justifying pay rises for management in the midst of another billion dollar loss to maintain experience. But don't worry a guy who could kill 500 people and destroy the entire company doesn't need any.
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Old 14th Jan 2022, 08:44
  #44 (permalink)  
 
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Originally Posted by neville_nobody
Now run the same argument but replace Captain with the word CEO/CFO/ General Manager and watch the pushback that starts up. The same people who say someone can be a airline captain with no experience will never say that a top uni graduate could be in senior management. Alan Joyce was only recently justifying pay rises for management in the midst of another billion dollar loss to maintain experience. But don't worry a guy who could kill 500 people and destroy the entire company doesn't need any.
This is so true, the same people that push everyday to save “cost” ie: wages, also say at Executive level “if you don’t pay the market rate, you won’t attract the talent”. Look at the disparity between Executive salaries vs worker’s salary in the last 30 years.

https://www.epi.org/publication/ceo-compensation-2018/
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Old 17th Jan 2022, 03:16
  #45 (permalink)  
 
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Originally Posted by neville_nobody
Now run the same argument but replace Captain with the word CEO/CFO/ General Manager and watch the pushback that starts up. The same people who say someone can be a airline captain with no experience will never say that a top uni graduate could be in senior management. Alan Joyce was only recently justifying pay rises for management in the midst of another billion dollar loss to maintain experience. But don't worry a guy who could kill 500 people and destroy the entire company doesn't need any.
That's a bluddy good point
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Old 18th Jan 2022, 01:13
  #46 (permalink)  
 
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Originally Posted by Roj approved
This is so true, the same people that push everyday to save “cost” ie: wages, also say at Executive level “if you don’t pay the market rate, you won’t attract the talent”. Look at the disparity between Executive salaries vs worker’s salary in the last 30 years.

https://www.epi.org/publication/ceo-compensation-2018/
I despise that vacuous piece of garbage. Exactly what talent is that?? Look at Telstra and the 'import' that they brought from the US several years back, one decent former QF CEO (Menadue) apparently resigned from the Board of Telstra in disgust at the way it was being run, the CEO in question who's behaviour and that of the management led JM to do that had a string of corporate disasters in his wake, but the LNP government at the time paid him tens of millions. How could they possible NOT have come across his previous disasters??

I don't know what talent it is that they are looking at but IMHO, over the last 30+ years, the quality of management at senior level has declined significantly and the remuneration has risen exponentially.

This is now a 'club'. Don't bother working your way up and knowing something about the business anymore (and yes, pilots, engineers and ground ops people can make good CEOs), because that job is reserved for someone who fits a whole different set of parameters and once they're in, regardless of performance, they either get a golden parachute or stay as long as they like, followed by which they then spend the rest of their comfortable lives being 'invited' to serve on the Board of various companies. I seem to remember someone who drove one of our airlines into the ground, who then got an AO and several Board seats as 'reward'. Yet another, who came into a now defunct airline right at the end when it was already sinking, found it very hard to get a job afterward.

Now, incompetence and even billions in accumulated losses are no barrier to future reward.
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Old 18th Jan 2022, 01:57
  #47 (permalink)  
 
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Originally Posted by Roj approved
This is so true, the same people that push everyday to save “cost” ie: wages, also say at Executive level “if you don’t pay the market rate, you won’t attract the talent”. Look at the disparity between Executive salaries vs worker’s salary in the last 30 years.
That fallacy is getting really boring and those who propound it are just feathering their own nests.

Would the Irishman refused the job if he was paid 50%, 25% or 10% of his current salary for the chance to live in the "lucky country"?
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